New Delhi, April 1 – State-owned oil marketing companies (OMCs) made significant changes to the prices of both aviation turbine fuel (ATF) and commercial LPG on Wednesday, with rates surging sharply – including a more than doubling in jet fuel prices – in line with a spike in global oil prices amid the escalating conflict in West Asia.
Jet fuel prices more than doubled to a record high, while commercial LPG rates also increased significantly, adding to cost pressures across various sectors.
According to fuel retailers, the price of ATF in Delhi was increased by Rs 1,10,703.08 per kilolitre, or 114.5%, to Rs 2,07,341.22 per kl.
This marks the first time that ATF prices have exceeded the Rs 2 lakh per kl mark.
The previous peak was recorded in 2022, when rates had surged to around Rs 1.1 lakh per kl following the spike in crude oil prices after the Russia-Ukraine conflict.
This is also the second consecutive monthly increase in jet fuel prices, following a 5.7% (Rs 5,244.75 per kl) increase on March 1.
Alongside, OMCs raised the price of 19-kg commercial LPG cylinders by Rs 195.50. Following the revision, a cylinder now costs Rs 2,078.50 in Delhi.
However, there has been no change in domestic LPG prices. A 14.2-kg cooking gas cylinder continues to retail at Rs 913 in the national capital.
Oil marketing companies revise ATF and LPG prices on the first day of every month based on international benchmarks and exchange rate movements.
The sharp increases come amid a steep rally in global crude oil prices, which have jumped nearly 50% due to supply disruptions linked to the ongoing conflict in West Asia.
Globally, crude oil prices remained firm on Wednesday. Brent crude futures rose 1.81% to $105.86 per barrel, while US West Texas Intermediate (WTI) futures were up 1.90% at $103.31.
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